My Finance Blog
Reading Time: 4 minutesWhen it comes to the financial management and accounting, static budget variance is vital to help understand a company’s performance to its planned targets. From the very…
Reading Time: 10 minutesIntroduction Budgeting is defined as the plan to prepare a budget that shows the financial receipts and expenditure for a period. It will also be used as…
Reading Time: 7 minutesBudget Forecasting Budget forecasting is very crucial in any business and or organization to ensure proper planning, resource control and to achieve set organizational/ business financial objectives.…
Reading Time: 7 minutesUnderstanding Fixed Expenses Fixed expense is an expense in your budget that you believe to be fixed or at least, will unlikely to change much over a…
Reading Time: 7 minutesBudgeting is one of the financial procedures that are used to plan on the usage of resources that include money. Budgeting organizes a company’s resources into a…
Reading Time: 6 minutesHow to Budget Money: Your Step-by-Step Guide Budgeting is the basis of proper finances because it allows people to have control over the financial situation, think about…
Reading Time: 8 minutesBudgeting is the holy grail puzzle piece of personal finance; without it, the financial jigsaw does not really have any defined places for pieces. Budgeting helps in…
Reading Time: 5 minutesThe achievement of effective budgeting requires that organizations develop effective budgets to achieve their objectives. It is used to guide decisions on how resources will be applied,…
Reading Time: 5 minutesLine-item budget is one of the most common types of the budgeting practice in organizations, governments, and non-profit organizations. This approach put expenses and revenue into sub…
Reading Time: 7 minutesBudgeting Models One of the most significant aspects of financial management in an individual’s as well as that of an organization is budgeting. It will help the…
Reading Time: 3 minutesBudgeting with an Excel worksheet is certainly one practical tool for coping with keeping one’s finances under control. 1. Blank Spread sheet Open a new Excel document.…
Reading Time: 3 minutesFinancial accounting and budgeting are properly understood only if one understands the difference between capital expenditure and revenue expenditure. This will help one assess financial health and…